British specialist financial services group Close Brothers Group Plc experienced a 5% increase in its adjusted operating profit to GBP25.7 or USD41.2 million this year ended July 31.
Investors
National Oilwell set to spin off distribution business
In what is called a 'tax efficient spin off', National Oilwell would be letting its distribution business stand alone.
Novamax shares jump after IPO
Novamax had share prices advance 66% of pre-IPO prices after close of trading. Novamax, the vaccine manufacturer, announced Tuesday that it is projecting to raise around USD82.
US private equity firms' newest playground is in Africa - report
Several top private equity firms had expressed in a convention that Africa would be seeing an influx of investments in the near future.
Illinois Tool Works formalizes sale of industrial packaging business
The sale of Illinois Tool Works' industrial packaging business would affect its overall revenues.
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Chinese conglomerate Cofco listed its 12 properties across China as part of its HKD14.2 billion or USD1.8 billion reverse takeover with subsidiary the Hong Kong Parkview Group.
Riverstone Holdings' energy investment company in the UK, Riverstone Energy Ltd, would be listing in the London bourse in late October.
According to sources who were familiar with the matter, Dell Inc had been working with AlixPartners LLP to help the company turn its financial position around after its leveraged buyout by its founder and Silver Lake Management LLC.
Spanish telecoms group Telefonica had agreed on Tuesday to increase its stake in Telco, of which the latter is the controlling shareholder of Telecom Italia, via cash-and-share deals.
In a meeting on Tuesday, a whopping 96% of Smithfield Foods Inc shareholders voted in favor of the USD4.7 billion acquisition by Shuanghui International Holdings Ltd.
The United States Postal Service featured Ray Charles in its new forever stamp. The United States Postal Service featured blind singer-songwriter Ray Charles in its new forever stamp.
The winner of the USD 400 million Powerball jackpot claimed his prize but preferred to remain anonymous.
BlueData received USD 15 million for its Series B round. BlueData Inc, a startup that secures big data private cloud for businesses, said it gathered capital commitments amounting to USD 15 million in its Series B round.
Fiat SpA and Chrysler Group LLC chief executive Sergio Marchionne had filed an IPO on behalf of the latter to end the stalled merger of both carmarkers.
